[GRAPHIC OMITTED]
      CERAGON NETWORKS



FOR IMMEDIATE RELEASE

              CERAGON NETWORKS NAMES RAN OZ CHIEF FINANCIAL OFFICER


         TEL AVIV, ISRAEL, SEPTEMBER 25, 2001- Ceragon Networks Ltd. (NASDAQ:
CRNT), a global provider of high-capacity broadband wireless systems for
communications service providers and mobile operators, today named Ran Oz its
chief financial officer, effective immediately.

         Before joining Ceragon Networks' executive management team, Mr. Oz was
the general manager and chief financial officer for six years at Jacada (NASDAQ:
JCDA), a leading provider of enterprise user interface solutions. Mr. Oz joined
Jacada in 1995, during its start-up phase, and constructed a solid foundation
for financial accounting and reporting practices while managing operations in
Israel. He played an instrumental role in the success of Jacada's initial public
offering on the NASDAQ National Market in October 1999.

          Prior to his employment at Jacada, Mr. Oz was employed as a certified
public accountant at Somekh Chaikin, one of the largest professional services
firms in Israel. At Somekh Chaikin, Oz managed accounting and auditing services
for publicly traded high-tech companies.

          "Oz's extensive background in financial operations for publicly traded
high-tech organizations was perfectly suited to our needs," said Shraga Katz,
president and CEO, Ceragon Networks Ltd. "I have no doubt that his leadership
will serve Ceragon extremely well as we continue our growth in the cellular,
metropolitan infrastructure and enterprise markets."

          "The high-capacity broadband wireless market is evolving, so it is an
exciting time to join an industry leader like Ceragon," said Oz. "I look forward
to working with Ceragon's executive management and contributing to its continued
growth."

          Mr. Oz holds both a master's in business administration and economics
and a bachelor's in accounting and economics from The Hebrew University of
Jerusalem.

                                     (MORE)

CERAGON NAMES OZ CHIEF FINANCIAL OFFICER-2



ABOUT CERAGON NETWORKS LTD.

         Ceragon Networks Ltd. (Nasdaq: CRNT) is a pacesetter in broadband
wireless networking systems, enabling quick and cost-effective high-capacity
connectivity. Ceragon's products are uniquely designed for communications
service providers and mobile operators to enable them to generate immediate
revenue. The company's commercially proven intelligent broadband network
solutions support multiple applications for the high-capacity metropolitan
access, cellular backhaul and private networks markets. Ceragon's FibeAir
product family operates across multiple frequencies from 13 to 38 GHz while
complying with North American and international standards. As a global provider,
Ceragon delivers IP, SONET/SDH and ATM broadband networking equipment that is
installed with over 55 customers in more than 30 countries. Ceragon was the
first fixed wireless technology provider to break the 155 Mbps capacity barrier
in high-frequency bands and the first to commercially deploy a wireless 311 Mbps
system. More information is available at www.ceragon.com.

Ceragon Networks(TM), FibeAir(TM), ConfigAir(TM), CeraView(TM), CeraMon(TM),
EtherAir(TM), and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.

This press release may contain statements concerning Ceragon's future prospects
that are "forward-looking statements" under the Private Securities Litigation
Reform Act of 1995. These statements are based on current expectations and
projections that involve a number of risks and uncertainties. There can be no
assurance that future results will be achieved, and actual results could differ
materially from forecasts and estimates. Important factors that could cause
actual results to differ materially from forecasts and estimates include:
Ceragon's limited operating history and history of losses; Ceragon's dependence
on a limited number of key customers, independent manufacturers and suppliers;
and the demand for Ceragon's products and technology. These risks and
uncertainties, as well as others, are discussed in greater detail in Ceragon's
Annual Report on Form 20-F and Ceragon's other filings with the Securities and
Exchange Commission. Forward-looking statements speak only as of the date on
which they are made and Ceragon undertakes no commitment to revise or update any
forward-looking statement in order to reflect events or circumstances after the
date any such statement is made.

CONTACT:          Linda Pitt
                  GAJ Services Inc.
                  859-291-1005
                  lpitt@gajservices.com

                  Laura Yatim
                  Ceragon Networks Ltd.
                  972-3-765-7560
                  laura@ceragon.com

                                       ###